Municipal Bonds Issued for First Time in Bihar | Patna Municipal Bonds | Bihar News | Sanskriti PCS

Описание: Municipal Bonds Issued for First Time in Bihar | Patna Municipal Bonds | Bihar News | Sanskriti PCS

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👉 Patna Municipal Corporation (PMC) is set to create history by issuing municipal bonds, becoming the first municipal body in Bihar to raise funds directly from investors.

🏙️ This major step aims to boost city development, improve urban infrastructure, and reduce dependency on state and central government grants.

📌 Key Highlights:
• First-ever municipal bond issuance in Bihar
• Proposal approved by PMC Standing Committee
• Final decision on February 7, 2026
• AK Capital Services appointed as merchant banker
• Funds to be used for roads, water supply, sanitation & waste management

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